22
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$537,500
Est. payment /mo
0.29 Acres Lot
Active
1860 Prairie Parkway Wyoming, MI 49519-2678
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70542344
Year Built 1967
Annual Tax Amount $5,383
Tax Year 2025
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 2 X 150
Property Sub-Type Multi-Family
Property Description
MOXIE Multifamily is pleased to exclusively offer this updated 4-unit apartment building for sale -- perfectly positioned for your next rental investment. The property features three 2-bedroom units and one 1-bedroom unit. Significant renovations include updated units, newer windows, new gutters, a new fence, and updated LED lighting, offering investors a well-maintained asset with reduced near-term capital expenditure needs. Additional amenities include coin-operated laundry and individual storage units. Electrical is individually metered; the owner currently covers heat (boiler), water/sewer, and trash. With rents below market, there is a clear value-add opportunity as leases expire. Implementing a RUBS program offers further upside by recapturing utility expenses. Whether you're seeking a house hack, 1031 exchange, cost segregation opportunity, or a solid rental investment -- this property checks all the boxes. Don't miss this great addition to your portfolio.
Location
State MI
County Kent
Area Wyoming (41041)
Rooms
Basement Other
Interior
Heating Hot Water
Exterior
Exterior Feature Brick
Parking Features Carport
Amenities Available Laundry Facility
Building
Foundation Basement
Structure Type Brick
Schools
School District Wyoming Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by MOXIE Real Estate + Development
NEARBY SCHOOL & BUSINESS
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